What have we learnt from the recent reporting flurry? Societe Generale has put together a list of conclusions to be drawn from this earnings season.» Read More
-Charles Schwab Corp. has lost a $15 million arbitration case against Morgan Stanley, which it accused of improperly recruiting brokers from a Schwab San Francisco branch who left with confidential information. Schwab accused Morgan Stanley of maliciously organizing an "actionable raid" of the branch.
Bank of America Corp. rose$. 04 or. 2 percent, to $16.33. Citigroup Inc. rose$. 50 or 1.0 percent, to $52.13. Goldman Sachs rose$. 03 or percent, to $177.90.
Bank of America Corp. rose$. 07 or. 4 percent, to $16.36. Citigroup Inc. rose$. 55 or 1.1 percent, to $52.18. Wells Fargo rose$. 07 or. 1 percent, to $51.52.
Bank of America Corp. rose$. 13 or. 8 percent, to $16.42. Citigroup Inc. rose$. 33 or. 6 percent, to $51.96. Goldman Sachs rose$. 47 or. 3 percent, to $178.34.
WASHINGTON— U.S. consumer confidence this month reached its highest point in nearly seven years, boosted by strong job gains. "Enthusiastic households are more likely to open their wallets in the coming months and support solid output growth in the second half of the year," said Gregory Daco, an economist at Oxford Economics.
Bank of America Corp. rose$. 16 or 1.0 percent, to $16.29. Citigroup Inc. rose$. 70 or 1.4 percent, to $51.63. Goldman Sachs rose $2.40 or 1.4 percent, to $177.87.
The company counts funds affiliated with Sequoia Capital, Charles River Ventures and General Catalyst Partners among its stockholders. Marketing software company Yodle Inc, backed by investors such as Draper Fisher Jurvetson, Bessemer Venture Partners and Jafco Technology Partners, also filed for an IPO in July.
NEW YORK, Aug 25- The S&P 500 was unable to hold the 2,000 mark after moving above the milestone level for the first time on Monday, but still managed to close at a record high, buoyed by financials and biotechnology stocks.
Aug 25- Marketing software provider HubSpot Inc filed with U.S. regulators on Monday to raise up to $100 million in an initial public offering of common stock. The Cambridge, Massachusetts- based company listed Morgan Stanley, UBS and JP Morgan among the underwriters to the IPO.
NEW YORK, Aug 25- A New York broker went on trial on Monday over a U.S. securities regulator's claims he participated in a scheme designed by a Morgan Stanley employee to profit from the death of terminally ill patients through variable annuity sales.
NEW YORK, Aug 25- The S&P 500 briefly hurdled above 2,000 for the first time on Monday, with financials and biotechnology stocks lifting the benchmark index to a record as investors make equities their asset of choice.
Biotechs rallied after Roche Holding AG agreed to buy InterMune Inc for $8.3 billion in cash, the latest vote of confidence in a sector that many, including Federal Reserve Chair Janet Yellen, are worried is overvalued. InterMune jumped 36 percent to $73.00, with the Nasdaq Biotech index up 2.4 percent.
Bank of America Corp. rose$. 21 or 1.3 percent, to $16.34. Citigroup Inc. rose$. 00 or 2.0 percent, to $51.93. Goldman Sachs rose $3.23 or 1.8 percent, to $178.70.
*Supply risks still considerable- Commerzbank. LONDON, Aug 25- Oil slipped towards $102 a barrel on Monday, giving up an earlier gain, as ample supply and weak demand countered support from geopolitical tensions in Ukraine and Libya. Ample supply and weak demand have created an oversupply in the Atlantic Basin market, according to Morgan Stanley.
Aug 25- Private equity firm Oak Hill Capital Partners said it would buy container maker Berlin Packaging LLC for $1.43 billion from Bahrain- based investment firm Investcorp Bank BSC. Chicago- based Berlin Packaging, founded in 1898, makes rigid plastic, glass and metal containers.
*Supply risks still considerable- Commerzbank. LONDON, Aug 25- Oil edged further above $102 a barrel on Monday with support from geopolitical tensions in Ukraine and Libya, although ample supply limited the rebound from last week's 14- month low.
SINGAPORE, Aug 25- Brent crude dipped towards $102 a barrel on Monday as ample supply and a stronger U.S. dollar continued to pressure oil markets. Geopolitical tensions in Ukraine and Libya underpinned prices, but did little to push them higher in the absence of any supply disruptions.
*Copper to fall to $6,500/ T by year-end as supply improves-SocGen. SYDNEY, Aug 25- Shanghai copper hit its highest in around seven weeks on Monday, underpinned by steady consumer demand and after London prices logged the biggest weekly rise in 11 months last week. "We're bearish copper," said Mark Keenan, analyst at Societe Generale in Singapore.
Aug 22- Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.
Bank of America Corp. fell$. 03 or. 2 percent, to $16.13. Citigroup Inc. fell$. 14 or. 3 percent, to $50.93. Goldman Sachs rose$. 32 or. 2 percent, to $175.47.